Senior Actuarial Analyst — Hybrid Role with Study Support

Placements24; Bloemfontein; Hybrid; ZAR 850,000 - 1,350,000; Full time

Benefits offered by this job

Study assistance

Medical aid

Life assurance

Retirement fund

Hybrid work model

Career growth

Job summary

Placements24 partners with a leading life insurance provider in Bloemfontein to recruit a Senior Actuarial Analyst. You will lead pricing, reserving, experience analysis, and modelling for life products, delivering insights for profitability and regulatory compliance.

The role requires a Bachelor’s in Actuarial Science and progress toward exams, with at least four years in life actuarial roles. Proficiency in Prophet/GGY Axis and SQL or Python is highly desirable in a hybrid Bloemfontein setting.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a closely related quantitative field.
• Progress towards or completion of actuarial exams (e.g., FSA, FIA, ASA, ASsA) is required.
• Minimum of 4 years of progressive experience in life insurance actuarial roles.
• Proficiency in actuarial modelling software (e.g., Prophet, GGY Axis) and programming languages like SQL or Python is highly desirable.
• Strong understanding of life insurance products, principles, and regulations.
• Excellent analytical, quantitative, and problem-solving skills.
• Effective communication and interpersonal skills, with the ability to explain technical concepts clearly.
• Ability to work independently and in a hybrid setting in Bloemfontein, Free State.

Responsibilities

• Perform complex actuarial calculations related to pricing, reserving, and financial projections for life insurance products.
• Develop, maintain, and enhance actuarial models using industry-standard software.
• Analyze actuarial data to identify trends, assess risks, and provide recommendations for product profitability.
• Assist in the preparation of regulatory filings and financial reports.
• Collaborate with underwriting, product development, and finance teams to provide actuarial support.
• Evaluate the financial impact of new regulations and business initiatives.
• Conduct experience studies (morbidity, mortality, lapse) to inform assumptions and pricing.
• Stay current with actuarial best practices, emerging trends, and regulatory changes.
• Mentor junior actuarial staff and contribute to team development.

Job description

Placements24 partners with a leading life insurance provider in Bloemfontein to recruit a Senior Actuarial Analyst. You will lead pricing, reserving, experience analysis, and modelling for life products, delivering insights for profitability and regulatory compliance.

The role requires a Bachelor’s in Actuarial Science and progress toward exams, with at least four years in life actuarial roles. Proficiency in Prophet/GGY Axis and SQL or Python is highly desirable in a hybrid Bloemfontein setting.